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weekend. >>> one month into obama care and one thing's clear, it ain't ready for prime time. but what's really up their sleeve? >> single payer. single payer system. >> single payer plan. >> single payer, that's part of the government run health care big brother style. is that what they've se cently wanted all along? we report, you decide. >>> plus, we have been warning you about obama care for years but only now the mainstream media is catching on. asleep at the wheel or is liberal media slow walking the story. >>> and then, it's the interview everyone is talking about. pointing the finger at president obama as more scanles erupt. "cashin' in" on your saturday morning starts right now. >> hi, everybody. welcome to "cashin in." our crew this week, wayne, jonathan, michelle fields and kimberly, juan williams. democrats have made no secret about it, they want complete government-run health care watch. >> i'm all for single payer system. >> if i were starting a system from scratch, then i think that the idea of moving toward a single payer system could very well make sense. >> i have sup
at the state of the obama presidency as he struggles now to fix the rollout of his signature health care law. >> we are just going to keep on working at it. we're going to grind it up. >> one year ago this week, president obama beat former massachusetts governor mitt romney in the 2012 election. now the president invokes the name of his defeated gop rival to defend health care reform. in just a moment, governor romney joins me for an exclusive interview. and president obama's approval rating is at an all-time low. obamacare is at a rough start. more u.s. spy revelations have rocked even our closest allies. and did the president consider replacing vice president joe biden with then-secretary of state hillary clinton? that's according to a bombshell in a new book "double down, game changing 2012." bob wood card, katty kay, david axelrod, bill kristol. i'm david gregory in washington. >>> and good sunday morning. the killing of a tsa agent at los angeles international airport is raising questions about the motives of the 23-year-old suspect, and also airport security. do tsa agents nee
to compare the rough start of obama care to what he called the slow start of the massachusetts health care plan. but he also praised his 2012 opponent mitt romney, who in 2006, as governor of massachusetts, signed that state's health care reform legislation into law. >> i've always believed that when he was governor here in massachusetts, he did the right thing on health care. if it was hard doing it just in one state, it's harder doing it in all 50 states. >> that is proving to be the case. and the 2012 republican presidential nominee, former governor mitt romney joins me exclusively this morning. governor, it's good to see you. thank you for being here. >> thanks, david. good to see you. >> why do you reject the compliment from president obama this week when he says obama care based on romney care and that's the right way to go? >> well, i think the president failed to learn the lessons that came from the experience in massachusetts. first of all, the massachusetts experience was a state-run plan. the right way to deal with health care reform is not to have a one size fits all plan that'
president obama kept his health care promise, that obama care is working while apologizing for the fact that it doesn't. i'm lou dobbs. >>> good evening, everybody. hhs secretary kathleen sebelius today testified before the house energy and commerce committee. on the disastrous obama carrollout. sebelius took responsibility for the website failure while making the outrageous claim that the website has actually never crashed. >> we were anxious to get the website up and running and functional, which we clearly have failed to do to date, although i would suggest the website has never crashed, it is functional but at a very slow speed and very low reliability and has continued to function. >> and at the very moment that sebelius made that statement, the healthcare.gov system was down. and it stayed down for the duration of the hearing. sebelius did offer an apology, and she told the committee to hold her accountable for the obama care failure. while insisting that the president did not lie when he repeatedly told americans they could keep their health care insurance if they liked it. but w
rollout for obama care through the website. are you as frustrated with how all of this has started? governor kasich? >> is that to me? >> yes. >> yeah. well, look, david, the problem is obama care doesn't control costs. secondly, it's going to drive up the costs for the vast majority of ohioans. it threatens business to grow beyond 50 employees, and frankly, what i think has to concern everybody, this economy is stalled and people don't know what the future is going to bring. and when people are uncertain about the future, they sit on their wallets, and that's why we're not seeing the kind of economic growth that we need to see that's so vital to create new jobs here in the state of ohio. >> that's the argument against obama care, but obama care is here. i'm asking specifically about the damage done by a troubled rollout that you're seeing in your state. >> well, that's got everybody just shaking their heads. and that's like three things. the government almost shut down. now they're tapping somebody's phone and now this thing. this is creating an issue of confidence in the minds of
and we will see you, well, about 9:00. ♪ lou: today is historically important for president obama. his administration today appeared to accept responsibility for a mistake. white house press secretary jay carney today admitted obamacare will cause some americans to lose their current health care insurance. much more to come. i am lou dobbs. ♪ lou: good evening, everybody. the obama administration finally admitting that the president was wrong to claim that americans could keep their health care insurance if they so as to define obamacare. there admission comes as the white house is faced with evidence that hundreds of thousands of americans, perhaps millions will be receiving cancellation notices for their current insurance for not meeting obamacare requirements. first it was the president's former top adviser david axelrod to admitted not everyone will be able to keep their current insurance because of obamacare. then the president's spokesman, jay carney, acknowledged what he refused to admit for years. fox news chief white house correspondent ed henry asked the question that
's a a understatement. problems still plaguing the obama website but health care and the internet are working together in the private sector. these doctors posting their prices on personal websites for health services. patients say it works great. so is this proof the private sector does a heck of a lot better job than the government does? hi, everybody. welcome. let's go in focus with john, rich, elizabeth mcdonald, mike, rick, and sabrina schaeffer. so, john, government can't do the health care on the internet but the private sector obviously can. >> of course it can. capitalism in the profit mode are ability turning scarcity into abundance. they're about turning a million dollar computer in the '70s into something that costs a couple hundred dollars today. health care is expensive and scarce today precisely because the government has naively removed the profit motor from the equation. president obama wants to make it universal and in trying to make it universal he's going to make it very hard for the average person to get. >> so, rick, this just proves the fact that the private sector could do the
>>> think if you have insurance from your work obama care won't hit you? well, why wouldn't you? >> if your employer provides you health insurance on the job, nobody is talking about messing with that. >> so no problem for workers getting coverage from employers, right? wrong. fox confirming a report revealing the law actually expects 66% of small business plans and 45% of large company plans to get hit by obama care. that could mean up to 93 million americans may get cancellation letters. are you one of them? hi, everyone. i'm brenda buttner. this is "bulls and bears." let's get right to it. here they are. the bulls and bears this week, we have gary b. smith, tracy byrnes, jonas max ferris, john layfield and bernard whitman. welcome to everybody. gary b., another broken promise? >> absolutely, brenda. the only word i can think of that describes this is despicable. one, you know, as you pointed out right at the top, it's not going to be, you know, five million, 10 million people. the number as you pointed out is over 90 million people. that's over a quarter of the population tha
tomorrow. thank you. lou: president obama today declared that america is open for business. even if obamacare is not, presidented ied it today veinly sought to change the subject and divert media attention from his failures and deceits. it is clear that mandate or not, most americans are not buying what president obama is trying to sell. i'm lou dobbs. lou: good evening for a second straight day the president trying to divert media attention from the obamacare disaster. the president focused on international trade, pledging to attract more foreign investment into the united states as his failing healthcare law continues to not only frustrate millions of americans, but in some cases also injury them. those who are losing their healthcare plans because of obamacare. nearly all republican, and a growing number of democratic lawmakers, are now demanding either a delay of the individual mandate or an extension of the enroll am period. and -- enrollment period and the public is not pleased. the president is being pummeled in the latest polls, his job approval rating hit all-time low in
services kathleen sebelius had a bad day on capitol hill. telling congress, president obama kept his health care promise and obamacare is working and apoll squeezing fo apologizt does not. i'm lou dobbs. >> good every ending -- evening, hhs secretary sebelius testified today. on the obamacare roll out. sebelius took responsibility for the web site failure, while making the claim that the web site had actually never crashed. >> we were anxious to get the web site up and running. and functional, which we have failed to do. to date, i would suggest that web site has never crashed. it is fund. al bufunctional but at a veryslw reliabilitiy. lou: at that moment, the hoff move system was down -- healthcare.gov system of down, and stayed down, sebelius offered a apology, and told the committee to hole her accountable for the ale lure, and insisting that the t presidd not lie when he told americans they could keep their health care insurance if they liked it. but when pressed if the president of the responsible for the law failures, she said, whatever, yes. he is the president. fox news chief congr
will be back on monday. lou: the obama white house has refused to divulge the number of people who have enrolled in obamacare since the law went into effect. and now we know why. the numbers are so embarrassingly low that the obama administration is scrambling to wish her that this signature legislative achievements survive the obamacare disaster. i am lou dobbs. ♪ ♪ lou: evening, everyone. the obamacare website is a disaster. max baucus is calling for major changes in the program now in enrollment numbers for the first few days of the obamacare rollout are dramatically disappointing for the administration. the white house has been telling us for months that millions of americans have been visiting health care.gov, but the house oversight committee released internal notes from meetings that show only six people in total successfully enrolled on the first day enrolled. obamacare is a train wreck that has become a laughingstock as a result. as of today, the hite house pushed back expectations, taping them down and jay carney said that we don't expect those numbers to be very high and
their own insurance were told by president obama they could keep their plans suddenly cannot. >> we're talking about the 5%, who purchase insurance on the individual market. that market has been like the wild west. >> reporter: that 5% in the individual insurance market translates to 14 million people. the real question now about the wild west, is whether the president was fast and loose with the facts. >> if you like your private health insurance plan, you can keep your plan. period. >> reporter: the white house is now adding all kinds of contact and qualifier saying, what he meant is, anyone who had insurance before healthcare of signed into law in 2010 is grandfathered in, except on third anniversary of bill signing president put out a written statement using present tense, quote, if you like the plan you have, you can keep it, monday night, top white house advisory took to twitter to claim, nothing in obamacare forces people out of their healthy plans, no change is requires unless insurance companies change existing plans, liberal columnist responded in new york magazine that ne
. he's been a big supporter of obama care. we'll get his take on the rollout problems. and then reports on their earnings in about an hour. howard will break down those numbers for us. let's not forget about facebook either. the social media giant will be reporting after the bell tonight. we'll have those numbers. instant analysis as only "closing bell" can do it. a very jam-packed show today. >> let's approach the markets in the final hour. we're well off the highs with a decline in the session of 67 points. pushing the dow back from the records reached at 15,612. onto the nasdaq, seeing selling in technology as well. nasdaq lower at 26 points. it, too, coming off the highs which were down but we really worsened after the news from the fed. s&p 500 looks like this. similar chart pattern. you see exactly where the market really came undone after the fed minutes were released. down 9.5 points at 1762. want to bring in our panel of experts and make sense of what's happened in the last hour. >> joining us, crying from "the economist," from the buttonwood gathering in new york, david kudla,
is not working 08 is supposed to. >> the obama administration is conceding that some people will have to pay more double-digit increases. john: this halloween politicians give us something we should be scared of, obamacare. >> that product is working. it is really good. john: that is our show tonight. ♪ >> and now john stossel. ♪ john: happy halloween. what scares you? that thing scares me as much as big government and central planning. this is obamacare. this kind of micromanagement takes our money and limits our freedom. government cannot even count votes accurately. now they're going to manage our health care? of few weeks ago the president address the failure of this website and made one point that is absolutely true. >> the affordable care act is not just a website. it is much more. john: right. this is so much more. the failure of the on-line exchanges, just a symptom of this disease. government micromanagement. they cannot make a website work, and yet for years the private company offer something called e-health. millions of people go there and comparison shop. many buy insurance. the
saying the obama administration knew back in 2010 over three years ago 10,000 people would not be able to keep their health insurance despite promising otherwise. dagen: joining us now. this is coming to a rude awakening for people who are getting dumped by their insurance providers bid they will have to go and potentially without a subsidy by more expensive health insurance. >> well, dagen, this is nothing new. it is widely covered in the fall of 2010 when the new regulations were being rolled out from health and human services. we have to keep in mind 85% of americans who get their health insurance from their employers will be able to keep their plan. this is focus on the individual health care marketplace. which was a mess. connell: there is nothing taken out of that quote. >> 85% of americans get it from their employers. if i was his speechwriter, maybe i would have said let's talk a little bit about the fine print but it is 85% of americans, get your insurance from your employer. but the individual health care marketplace that is victimizing consumers have now had to shift to the
're following at this hour. of course the markets at or near record levels. the other one, the obama care mess. this lady on the hot seat. congress questioning health and human services secretary kathleen sebelius. if you missed the hearing it's safe to say that this was not the secretary's best day. and among other things, we're looking at is how obama care could change your employer sponsored plan. we're getting new details today as annual enrollment season approaches for many of the plans. then, now i can move over here, there is sue, the it fed, decision time, one hour away and where does america stand on job creation? it's critical, obviously, to the fed and to the economy. adp number out this morning, not so great. let's check in with you at the nyse. >> you're absolutely right, and we will get to that but we want to start, ty, with the fireworks on capitol hill as kathleen sebelius goes before the house energy and commerce committee. bertha coombs is on the case on capitol hill. over to you, bertha. >> sue, the hearing lasting more than three and a half hours and members of congress usu
about health care bill. obama care relying on young people to sign up to pay for the program and help the ouflt control costs of health care in america. how does that look so far? we've got an update next. >> speaking of young people have you heard about this new poll we conducted with the associated press? cnbc/ap poll finds 52% of people aged 18 to 34 those are the heaviest users, they feel twitter is not a good place to invest. really? so if twitter's core users don't even want to buy the stock should you stay away from that offering? we'll look at that coming up. >>> and then scrooge mcducks, that's what they are being called. they should pay more in taxes. you can but that's getting some reaction today. later on "closing bell." vo: two years of grad school. 20 years with the company. thousands of presentations. and one hard earned partnership. it took a lot of work to get this far. so now i'm supposed to take a back seat when it comes to my investments? there's zero chance of that happening. avo: when you work with a schwab financial consultant, you'll get the gui
today that the obama administration knew for years that many americans actually would not be able to keep their existing health insurance under obama care. lisa myers, who broke the story, we are going to be talking with her. the story that everybody's talking about. she'll join me next. you're watching the "closing bell" on cnbc, first in business worldwide. opportunities aren't always obvious. sometimes they just drop in. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. >>> welcome back. more earnings out. linkedin, over to dominic chu. >> from 4% to 5% down in the market to a flash. after the company, the world's biggest professional networking firm, said sales came in at $393 million, better than estimates, and earnings 39 cents a share, better than estimates. downside pressure applied as fourth quarter and full year sales outlooks coming in below analyst estimates. one thing that might be a positive, why the stock is getting back to flat or sl
-setting manner. >> we're not forgetting the white hot story out of obama care, the nbc news report confirming the white house knew millions would not be able to keep their health plans even as the president was promising just the opposite. we have aetna ceo mark bertolini reacting exclusively to that coming up on the "closing bell." >> let's get to the red hot market. a market in unchartered territory. the dow jones industrial average up. we've been steady the last hour. the magic number as you heard to watch, 15,767 would be an all-time high. we're close to it with a 90-point rally. nasdaq, take a look at where we are, technology a leader today. up 39 47. s&p 500 also in record-setting territory. if we close even just a point above where we are, yesterday we close at an all-time high. we're in unchartered territory with s&p 500 at 1769. let's talk about where the strength is today. will the dow do it here? new all-time high, bob pisani. what is the money say on the floor right now? 15 points away. 15676 would be a cleesing high for the dow jones industrial average. 15 points away. we're alre
house ought to be involved and enrolled in the obama health care law and not to have to buy insurance on a exchanges. none of them -- they all have exemptions from the health care law. i think they all should be involved. he is right, and it is not just people losing their coverage but they have to go and buy insurance and get hit with sticker shock because they are seeing it turned out to be a lot more expensive. the president promised easier to use an amazon, cheaper than yourself down, and you can keep your doctor. the american people feel deceived. >> and that is important. the way they tried to keep prices down is to have tight networks which means you probably won't get to see your doctor or go to the usual hospital. gerri: at think we are all headed -- headed to the our rain. i want you to hear something from congressman lee terry. when will we get details, no, understand how many people being enrolled? here is what he had to say. >> that should be a pretty reliable number. >> the system is not functioning. we are not getting that reliable data. gerri: the secretary says essent
. but you want to blame everything on obama care. and it could be terrible. and -- >> no, i don't want to blame everything. where do you get that? i've had it with you. i'm done with you. i'm moving on now. i'm moving on to my hollywood buddy, ben stein. for those who are now paying higher premiums or looking to, will it affect what they do this holiday season? >> yes. i understand the question, counselor. >> thank you. >> i understand the question, your honor. >> all right. >> for those who are contemplating pays more for health insurance and contemplating instead paying less, obviously they will be more cautious. i think the fact that obama care has been a fiasco, a disaster of poor planning and incredibly poor executive leadership, is even more important. it tells people we can't have confident in the people running the government of this country. that has much more to do with shopping in the holiday season than the difference in the premiums. people are scared by it. >> but christmas shopping sales, ben. >> yes. it will affect holiday shopping sales, it will. >> has there been any
and that contrasted with the obama administration's reports of more than 6 million unique -- that's a big -- >> i understand why they don't want to give out the numbers. >> the health and human services department has said it won't release enrollment figures until mid november. >> they're probably better off that way. >> that's what sebelius said. >> mid november, i'd do -- >> jan 1? >> yeah. mid 2015 and see what happens. >>> we have other news, president obama has reportly ordered the nsa to stop eavesdropping on joe kernen. no, stop eaves dropping on the headquarters of the imf and world bank. the order is said to be the latest move, of course, by the white house to demonstrate its willingness to curb at least some surveillance in the wake of weeks by former nsa contractor edward snowden. >>> a number of comments about janet yellen starting to come from the senate. richard shelby says he would oppose efforts to block her nomination with a filibuster unless some disturbing disclosure emerge. his comments come after senator rand paul said he instead to withhold her nomination. and senator lindsa
watch complete coverage of her testimony on "squawk on the street". then this afternoon, president obama will defend his health care law. verizon said it was doing maintenance on the system. there was a similar halt on sunday. we'll have more on these stories in just a few minutes. >>> but first, the rest of today's agenda, earnings central will be hearing from general motors, nbc parent comcast, chrysler, corning and sodastream, all before the bell. this afternoon, we have visa, facebook, comcast, kraft foods and many others. on the economic front, the fed wraps up a two-day fomc meeting in washington. this is a policy announcement set tore 2:00 p.m. eastern today. the central bank is expected to maintain its massive bond buying campaign. fed watchers say ben bernanke and company may point to softer readings on the economy to signal that the policy will be extended into next year. >>> as for the other items on today's economic agenda, the october adp employment report is going to be released at 8:15 eastern time. it's expected to show 150,000 private jobs were added this month. the whis
that millions would lose their plans. you can't keep your plan under obama care. some, anyway. it's tuesday, october 29th, 2013 and "squawk box" begins right now. >>> good mortgage, everybody. i'm becky quick along with joe kernen. andrew ross sorkin is on assignment today. he'll be back tomorrow. >>> on the fed news, ben bernanke will be gathering with other fomc members for a two-day meeting. a policy meeting is set for tomorrow. economists say this is likely to be more of a strategy session with no action from the central bank. the senate banking committee is considering holding a hearing on janet yellen's nomination on december 14th. the panel needs to vet the nomination before it can go to the full senate for final consideration. steve liesman reported last week senator rand paul said he was thinking of putting a hold on yellen's nomination unless a voet vote was loud on his proposal for more transparency on the fed. beyond the fed, there are some other economic happenings. namely, at 8:30 eastern time, we have two reports delayed by the government shutdown. first, we go the consumer p
be the most disturbing development of the week. he is wondering about no clue obama. and it's a little disconcerting to put it mildly. because this guy can be on top of everything. but he's clearly not on top of lots of things and some of them are top security matters. >> we have known for a while according to books like bob woodward and a new book coming out about the authors of being change and disengaging from the nitty-gritty politics and getting down and dirty dirty and it seems like he is disengaged from the policy as well and i can understand him not knowing anything that goes on in the government how does he not know that the nsa is capping world leaders. how does he not know that the world leaders are being spied upon. that seems to be something that the commander in chief should know, whether he agrees with that or not. but i don't see how he does not know that. neil: that is what worries me the most. because if you take that at face value, it means that there's a government going on with freewheeling spies doing their thing, oblivious to or in contempt of, you know, the pres
. earnings roll out for vw, gm and fiat, we'll take a look at the sector. >>> plus, obama care is lurched to the next crisis. a report released in early september now appears to suggest at least one contractor knew a performance risk ahead of the website launch. we'll get a full update. "worldwide exchange" continues in just a few moments. >>> in corporate news, sales are not doing well for anyone tendo. they're expecting an operating loss of $237 million for the april to september period. but it was a narrower loss compared to the previous year. nintendo stuck to its console sales forecast of 9 million units for the year ending in march 2014. barclay's has reported an underlying pretax profit of 4 billion pounds to the three months end of september. it's marked a half billion pounds fall from last year's figures, but they did beat analyst forecasts. the stock up 3.4%. it's joined ubs and deutsche bank in a commitment to help regulators expose alleged rigging of currency markets. if you're a bank lender, you can't get away from investigation. >> yeah. i think you're right and i think afte
governors, you say won't sign on to your exchanges, drop it, say, i flubbed it, now i barack obama plan to fix it you can do this, mr. president. it is not as if they can't get worse, look at your poll numbers, they are bad. to the kennedy head center author, said that president provides a road map for maybe how you can turn things around by first acknowledging that you want to and you acknowledge that you want to, larry sabah doe. you point out, you write, john kennedy, might not have been a perfect president. the fact is, when there were big mistakes he owned up to them, he did not suffer in the polls, he rocketed in the polls for doing so. >> yes. there are many examples, i cite them. but the best known one is after the cuban -- the bay of pigs, in his administration, when having been misled by some of the carry overs from the cia from, eisenhower administration, misled by some military people, he did not appoint. he could easily have blamed them. he could have turned back and said, president eisenhower approved this, in october and november. i was just carrying out his plan. he did
. >> over the week president obama of at mcauliffe's side as well. >> nothing makes me more nervous than when my supporters feel too confident, i want to put the fear of god in all of you. virginia has been a swing state. and this racing be close. because past races in virginia have always been close. >> reporter: this time, each side is focused on what they like least about the other. lou. lou: carl thank you. >> be sure to join us for a "lou dobbs tonight" special report, we'll be live at 10:00 eastern tomorrow evening, final results, president obama tonight joining liberal proponents of health care speaking at a rally of supporters in his reelect campaign, and so-called working dinner with top donors of obama army, organizing for action, starting tomorrow president, desperate to change the subject again from the obamacare disaster, hits the road, trying to create a blinding pivot from the disaster to all sorts of what he hopes will be mood altering or consciousness numbing subjects with a call for immigration regarment, and a healthy scare -- reform, in health care speech in texas, an
you so much for returning my call and taking your expertise and time. >> of course. >> with the obama health care situation either yesterday or today and it didn't help. it didn't work out. what i would like, sir, is your expertise, and i love you. i really do. i watch you every day. your expertise opinion. what action do i take with verizon now? >> you hold it. i have to tell you. let's just be really clear about it. i almost call them knucklehead, the canadian company that designed the wen site. that's a publicly traded stock and it's not doing that badly. the idea that verizon was thrown under the bus and that verizon could be punished for this -- it was my judgment when i listened it's ludicrous. if anything, verizon under 50 remains one of my -- >> buy, buy, buy! >> and i would certainly hold the stock. can i go to j.b. in colorado? j.b.! >> dr. cramer, greetings from the continental divide. >> what's going on? >> they first declared their first-ever quarterly dividend and they disappointed the street by meeting the second quarter estimates by a penny. what is the short and long-
evening. hhs secretary kathleen sebelius and the obama administration continued to sell obamacare. numbers are released showing dismal enrollment figures. hours later the secretary ys in memphis at an enrollment center refusing to say whether the numbers are accurate. only that the administration has yet to establish an enormous number because the problems of this -- problems with the system >> i don't know what members were gathered and where they came from. federal and roman or state enrollment. we will be giving comprehensive figures about nationwide enrollment into is in the federal marketplace, who is that the state level once a month. we will give people reliable and permission and that then be able to count on it. >> reporter: secretary kathleen sebelius says the administration will first release those numbers by the end of the month. gerri: a federal appeals court striking down the birth control mandate in obamacare. what other ramifications? >> it upheld that challenge requiring employer-sponsored plans to provide birth control. a decision. the supreme court will ultimately decide
businesses. facebook looking for the social marketing revolution. >> and nbc reporting the obama administration knew millions would not be able to keep their health insurance under the new affordable care act. >> first up, though, apple did beat the street last night with its fiscal fourth quarter numbers. profits fell, growth margins slid among heightened competition, despite the sale of 40 million iphones for the quarter. they see revenues 55 billion to $55 billion. here's what ceo tim cook had to say last night on apple's conference call. >> if terms of supply, into the quarter with a very significant backlog. however, our supply is building each week. in terms of the retina or the ipad mini where the resin display, we'll start shipping later in november. it's unclear whether we will have enough for the quarter or not. i think we'll do fairly well with ipad, as i had mentioned before. we felt like it going to be a really great holiday season. >> you know we're in a brave new world when a revenue forecast for a quarter -- actually, a margin forecast for a quarter, jim and david
signing up for insurance. but there may be other nontechnical issues plaguing obama care. seema is with us in the states. what else is going on? >> well, ross, in the period leading up to the launch of the affordable care act this month, president obama repeatedly said if americans liked their insurance plans and their doctors, they would be able to keep them under the new law. but nbc news is reporting the obama administration knew for several years the majority of people who buy their own health coverage wouldn't be able to keep this happen their policies under obama care. nbc says those forced to buy new insurance may experience sticker shock from higher premiums. when the law was passed in march of 2010, it was supposed to grant grandfather in existing policies, even if they didn't comply with the rules. but that same year, the department of health and human services rewrote some regulations essentially getting rid of the grandfather exemption. now, the white house isn't disputing the report, but tells nbc most individual policyholders should receive better health coverage that's more
his reaction to obama care snafus, potential impact on the company's bottom line. >>> also ahead -- >> b12 is the best treat you can get on halloween. >> it's the worst thing i've ever tasted. >> i think i need water. >> wait till you hear who produced this youtube video that's gone viral and why they produced it. don't touch that remote. you're watching the "closing bell." back in a moment. trading inspires your life.340 tdd#: 1-800-345-2550 life inspires your trading. tdd#: 1-800-345-2550 where others see fads... tdd#: 1-800-345-2550 ...you see opportunities. tdd#: 1-800-345-2550 at schwab, we're here to help tdd#: 1-800-345-2550 turn inspiration into action. tdd#: 1-800-345-2550 we have intuitive platforms tdd#: 1-800-345-2550 to help you discover what's trending. tdd#: 1-800-345-2550 and seasoned market experts to help sharpen your instincts. tdd#: 1-800-345-2550 so you can take charge tdd#: 1-800-345-2550 of your trading. tdd#: 1-800-345-2550 of your trading. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a
're watching "worldwide exchange." >>> the national security agency has denied that president barack obama was told that he was spying on the phone of angela merkel. they claim the president was informed by the nsa chief in 2010 that it had bugged the phone of the chancellor and he didn't stop the operation because he didn't trust her. trust her with what? annette has the information. i've always assumed, annette, that we're all spying on each other. we have this big listening post called gchq and what is it there for if not to listen to people. the mistake the u.s. made was they wrote it on paper. once you have a record of it, you have to complain. >> that's true. the german constitution states that the u.s. secret service agencies are allowed to spy on german soil and they, as well, might be allowed to spy on angela merkel. so everybody who is now screaming that's against the law might not really be right. but let me reiterate what we are as well having in terms of reports coming out from the wall street journal. they are saying that president obama was informed about the spying on angel
most americans think obama care needs to be fixed or nicksed. meantime, the president's approval rating has sunk to an all-time low. it's thursday, october 31st, obviously. happy birthday, penelope. "squawk box" begins right now. ♪ >>> did morning, everybody. happy halloween and welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin. we start things off on this halloween morning with the markets. this month, the dow, the s&p 500, the dow transports the russell 1,000. the russell 2,000 and the s&p 400 midcaps have all hit all-time highs. ten dow components have set multi year highs in october with seven reaching all-time highs. as for its year in the markets, volatility has fallen almost 18% this month. of course, the lineup has led some to question if things have gone too far too fast. pim pimco's bill gross on cnbc yesterday after the fed decision. >> the markets are bubbling and all asset prices are bubbling down. steve liesman has pointed out profit margins are bubbling. to the extent that any of them can be suspended i guess is th
in the bio science. >> will obama care help or hinder that development. does it get in the way or does it mean more access will drive better outcomes? >> i think the issue you are talking about obama care is focused on care and treatment. the largest part. if we are going to solve the problem, it really isn't care and treatment. the issue is really prevention, wellness, research cure. >> there are more and more people talking about this on wall street. the lines between a company like apple and some of the names that you are talking about in this conference are blurring, because, frankly, wearable technology and personalized medicine sounds like the next big wave. what's going to be the next facebook or twitter for this space? >> i don't know that i can make that prediction but there is a very rapid evolution naary proc going on here. what we need is a healthy ecosystem, that involves phrma and biotech and special device companies and computational companies that are dealing with big data. also, academic institutions which tend to be where the basic science gets done that undergirds al
on the othetallorder. the obamacare economy, that is where you have to look to see where are obama's numbers come november 2014, right now they are in low 40s, for the house to flip, i think he has to get over 50, as far as democrats, if he is in low 40s or dips to mid to high 30s, then republicans will be feeling very good. about winning back the senate in 2014. neil: all right, to be continued. folks thank you very much. >> thank you, neil. neil: i know we just got over one debacle, but we're 79 days away from another one, the last shut down is supposedly killing the economy. is that over stating it? why. that used as a reason for not really addressing spending? we're spent. this is the quicksilver cash back card from capital one. it's not the "juggle a bunch of rotating categories" card. it's not the "sign up for rewards each quarter" card. it's the no-games, no-messing-'round, no-earning-limit-having, do-i-look-like-i'm-joking, turbo-boosting, heavyweight-champion- of-the-world cash back card. this is the quicksilver cash back card from capital one. unlimited 1.5% cash back on every purchase,
an influx of possible large claims, in january or is that part of obama funding? gerri: a great question, ed? >> no, insurers would base their -- remember that part of the insurance is regulate the by the states, states are concerned about it insurers would charge premiums they think are sufficient to cover what they are expectation to have happen that is reviewed by state regulators, that is why in a number of cases, you have seen insurers back out of the exchanges, for example aetna backed out in maryland and california, and new york, reason is they were, proposing premiums to cover what they thought would be the risk, but those were too high for the pro obamacare regulators, in those states, they didn't like them, and so they wanted aetna to lower them, aetna said no, we're willing to try this, and maybe we get it wrong, and people don't buy or coverage but we're not losing money, they are well covered, ones that are at greatest risk are new co-op insurers, they are brand new, there is no market demand, they were created as part of a government program. gerri: okay, let's move on to, anot
my side! neil: president obama meeting with cybersecurity experts at the white house today. but with those claiming responsibility for security accounts and hackers, of course we are willy-nilly spying on foreign leaders who we like. should the government be getting this kind of advice or any kind of advice and are we looking to correct our own problems? >> i don't want the government involved because they're going to come in and i don't want to hear another one-size-fits-all approach. they come in and create a list in a safer all the different vulnerabilities, here is a blanket approach and you have analyst coming out and saying that this will have our paperwork and make us have tons of bureaucracy that we have to the answer to it is not even suited for us in our country. i hate the people work in the taxpayer money being burned and i hate government coming in and telling companies how they can best do what they can for their own company. another company best. been on a protect themselves. neil: some people thought it would be a wise idea. we should've brought a couple of
the obama administration knew for years that the grandfathering regulation that we talked about a few moments ago would wipe out existing health insurance plans and here is a quote that i am reading that after some period of time, most plans will relinquish their grandfathered status since plans rarely stay the same. >> it is something that he touched on briefly. dagen: this is the excuse of the administration officials, have you heard kathleen sebelius to the fallen back on how these plans were grandfathered in. >> they claim there's a grandfather and the law, they also have power to make that smaller and smaller over time. that is what they have done. you can go back to hhs analysis and 2010 saying exactly what we have been talking about. that is a part of the individual market and a lot of those plans are going to be made illegal by those laws. >> okay, so it's not really a decision is illegal for them to go back to the conversation we're having a few minutes ago. because they can save the insurance companies fall. i guess they could say that we are going to upgrade these plans so
somewhere, i promise to try to find it for you. i'm jim cramer and i'll see you tomorrow. . >>> the obama care debacle continues, and a story just breaking tonight. nbc news reports the obama white house has known for at least three years that millions of americans would in fact lose their preferred health insurance plans because of obama care. this comes as more people call for hhs secretary kathleen sebelius to step down over this, but i say it's way over time to hold president obama accountable. the buck stops there. he ought to show some back bone and not just blame his underlings. and there's talk about the
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